VIENNA (dpa-AFX) - Tesla Motors Inc. voluntarily recalled more than 7000
charging adapters. The company said these adapters of Nema 14-30, 10-30 and 6-50
are sold separately as accessories.
Earlier in November, two customers had complained...

Tesla Motors Inc. is recalling three types of charging adapters after two of the devices overheated. The company said in an email sent to customers Tuesday that it was recalling the optional adapters, used to plug the company's electric-car...

A$9 million hedge fund concluded that Tesla Motors -- in which I have no financial interest -- will burn through its cash. The key assumption underlying that conclusion is that if thecompanycharges $35,000 for its Model 3, Tesla will lose so much...

Tesla unveiled the new and improved version of its at-home battery, Powerwall 2, in October.
The at-home battery can store solar energy and provide backup power for your home. It fits into Tesla's larger energy ambitions since it acquired...

Tesla Motors (TSLA) (NASDAQ:TSLA) designs, manufactures, and sells electric vehicles. Its first product, Tesla Roadster, is the first federally compliant electric vehicle that can travel on on the highway. The company has intellectual property in its electric powertrain technology. The company has a distribution network of 12 stores in North America and Europe. The company plans to release the Model S later on in the year. [1]

Electric automobile industry is an attractive industry. With the success of the hybrid vehicles, consumer tastes are changing. Furthermore, with government intervention, Tesla was able to receive a $465.0 million long-term loan under the United States Department of Energy’s Advanced Technology Vehicles Manufacturing Incentive Program. According to Frost & Sullivan, a business research and consulting firm, the market for electric-based vehicles, which include hybrids and plug-in hybrid cars, is expected to grow from 1.75 million, 3% of new cars sold, in 2008 to 10.6 million worldwide, 14% of new cars sold, by 2015. [1]

The company's initial public offering of stock filed on the NASDAQ and went public on 29 June 2010. It was priced at $17, above the initial price range of $14-$16. The major shareholders include VantagePoint Venture Partners, Bay Area Equity Fund, and others. Toyota also made a $50 million private placement. [2][1]

For FY2009 with year ended 31 December 2009, the company reported total revenues of $111.94 million, a large increase from $14.74 million in total revenue for FY2008. Furthermore, the company had a net loss of $55.74 million for FY2009, an increase from $82.78 million in net loss for FY2008. [1]